A lot of people make a big mistake by comparing trading to other jobs. Think about it: drivers drive (except when they’re off), teachers teach, nurses care, beggars beg, cooks cook, and athletes play sports.
So, many think that if you're a trader, you have to be trading all the time... but that's not true! Our role is totally different. We're more like poets, where the focus is on being present, curious, and alert to opportunities, rather than just executing trades. You can find great poets who haven’t written much at all, but they still grasp the essence of their craft.
For us, the real job isn’t about trading constantly; it’s about spotting, analyzing, and evaluating opportunities. We only trade when we see a significant opportunity, like when an asset is seriously undervalued or overvalued and we think it’s worth jumping in.
Is trading a must for a trader?
19 replies 145 views
As long as youve taken an advantage of a chance and placed a trade in the market, youre already a trader and no two ways about that. If youre much of an analyst and not taken action to place a trade, youll be called an analyst and not a trader. Trading requires you summing up actions to take risks, so not everyone can do it even if theyre good analyst of the market. Exploiting an opportunity is already you taken trade as a trader.
Being a trader is always a choice, not a forced obligation or a responsibility. So if you chose to be a trader, well you can trade as long as you want, or you can just focus on investing alone if you feel trading is not profitable at the moment.
However, since you admit that you are a trader, then prove to yourself that you are good at it and can turn a bad trade into a good one. But if you are still in the process of learning, just improve your craft whenever there are opportunities to do that.
lol sounds like you're trying to redefine what a trader is to avoid the actual trading part @JaanusRaim
if you just find study and judge opportunities but never pull the trigger you're not a trader you're an analyst or a perpetual student
the market doesn't pay you for good intentions or deep thoughts
it pays you for executing trades
a poet who never writes is just someone with thoughts
a trader who never trades is just someone with market opinions
sure you dont have to trade 24/7 that's stupid
but if you only trade "relatively rare" occasions you're probably an investor not a trader in the common sense
dont get it twisted if you want to make money from price movements you have to make trades
otherwise you're just fudding your own potential gains
Trading is a process, a unity, and something that must be done. It's not just about buying and selling, nor about profit or loss. Trading isn't that simple. There are several processes that must be followed when opening a trading position:
Analyzing the coins and market before starting the tradeDeciding on which coin/token to open a position, what type of trading, and at what margin, and what priceDetermining the position is based on the analysis results. It's not just a matter of randomly entering numbers, but also a matter of calculations based on both FA and TA analysis.Analyzing throughout the open trade, by determining the desired take-loss (TP) and whether to set a cut-loss under certain conditions.Evaluation is carried out by observing the results and the process, as well as market developments.
This is just a general overview; there are many more complex aspects involved. Trading is a continuous process, and learning is always carried out.
At least, here is like what to do in trading:
Trading
There are people who are new in trading and because they think that they need to be in the market always, enter trade setups that they are not sure of, and make loss. It is better as a trader to not enter a trade, and miss the opportunity of making money, than to rush into trades. Older traders are more in control and disciplined about taking trades. They take trades on the best setups, trades that they have a high certainty will go their way. With that strategy, you will not always trade or be in the market, but you will be in profit.
Take lesser trades with cleaner setups.
This kind of mindset is the top of the reason why a lot of traders are losing in the market. Aside from being greedy, most of the traders these days are lifting their own chair because they are confident that they are good traders and they can take advantage from the market every time they decide to trade.
Well, IMHO, trading is messy and is always tough and risky. You don't have to trade just because you consider yourself a trader, but you have to trade because you are knowledgeable and capable enough to make a good and successful trade, and not just overconfident when trading.
shard_minerSenior Member
Posts: 359 · Reputation: 1322
#8Dec 29, 2023, 05:15 PM
To be a trader isn't just a days job. One has to have patiently learnt the process and best risk practices to stay safe and enter the market as much as when to use stop loss and exit the market.
There are merchant traders who have dedicated time to trading full-time over years and have so much experience and insight than just normal traders who are just starting to gain little experience and who trade part-time.
Analysis and analytics won't just help mostly now when there are Ai bots that make trading swifter. So a trader must learn to upgrade their skills to stay relevant and increase their profit else be swept under the rug by liquidation if they are stagnant in upgrading knowledge and skills.
alexwalletSenior Member
Posts: 347 · Reputation: 1933
#9Dec 31, 2023, 03:50 PM
It's just an extra process because platforms provide price history with charts and comprehensive tools, and modern traders prefer to complicate their processes. Hahaa
In fact, if you exchange your money for another coin with your eyes closed, that's trading, and you're a trader.
Your main task is still to trade, those profit won't appear out of thin air if you don't place your trade. Finding opportunity is the cherry on top. You still need to make decision to trade.
You're just playing with words and make it seem more complicated than it should be. If you are a trader, you trade.
You're wrong there.
The one who does all the analysis you talk about are guess what, trading analysts The ones at a company who actually makes trades, are called traders. That's why you join as intern, then spend about 5 years as analyst THEN you become a trader where you handle complex trade execution and manage clients (you're trading for them).
99% of the socalled traders online in forex and crypto, and I include myself in the past, have 1% of the knowledge and understanding of how real trading environments work.
So, if you want to call yourself something more specific go ahead, nobody said you have to call yourself a trader
If you agree that after evaluating and judging an opportunity, then you trade, it means you are equally trading
and a trader. So your judgement of the opportunity on the asset could be to buy or to sell, if you are doing any of it, you are taking an opportunity provided by the global market which is same as trading.
Hahaha I can interpret this to mean traders who are not productive and making profit
You are confusing and making the trading preparation not part of the whole trading.
Doing technical and fundamental analysis doesnt mean you are not trading. Its just a preliminary procedure when you trade. You are not a trader if you didnt trade and just study graph to find opportunities.
Trading is the sole purpose why someone categorized as trader.
Since you say you are a trader, then you must know about trading opportunities. Many people understand the market very well, but cannot take trades due to fear of losing or over analysis. What cannot be learned by reading books or looking at charts can be learned by entering a real trade. When you take advantage of an opportunity the market teaches you real time. Every time you take advantage of that opportunity, your skills become sharper and you know how to recognize the opportunity in the moment and strike there it is a continuous learning process.
viper_blockSenior Member
Posts: 205 · Reputation: 1216
#15Jan 1, 2024, 11:43 PM
If you are a trader, you mostly will trade and not doing other jobs. That is your choice selecting trading as your main job so you know what to do. Trading is an activity of buying and selling so that called trader.
But if you works in office, you are worker and also a trader at the same time. But being a trader is not easy. You must have good skills to make money and only learning will be the way.
HumbleShardMember
Posts: 27 · Reputation: 127
#16Jan 2, 2024, 12:33 AM
yea fefo agree trading aint about clicking buttons all day a real trader mostly just sits watches studies and most importantly waits. thie job is not to trade nonstop, it is to strike when the setup is clean. like hunters dont just spray bullets all day they wait patiently for the shot. Patience then action later that is how to play smart
vault_alphaHero Member
Posts: 363 · Reputation: 2228
#17Jan 2, 2024, 03:28 AM
Perhaps you have a point but didn't express it well. If traders would not trade, then why are they traders? That's a million dollars question, right? Traders are meant to trade, though it's senseless to trade anyhow, as good trading setups must be confirmed before a true/good trader opens a position. This differentiate them from a gambler.
However, your narration that links this with other profession is what I don't understand. If a nurse, for example, didn't see a sick patient, will he/she act? That's the same with trading, nothing less.
its_oracleMember
Posts: 26 · Reputation: 174
#18Jan 2, 2024, 05:32 AM
It doesn't matter how much we trade, and it doesn't matter if we only trade occasionally. We are still traders. Being a trader does not mean we have to trade all the time. We must analyze thoroughly and understand the right time or moment. So we will only enter and trade at that right moment to profit from the trade. However, what is certain is that a trader is someone who genuinely seeks profit from trading or transactions in the market, whether with high or low volume. Someone who merely buys and sells without the intention of making a profit merely converting assets is not a trader. A trader is someone who seeks profit from the market by engaging in transactions within that market.
This profession is free for all and whoever can stand the market's bad behavior can survive if they wish to do so. But not everyone who wishes to become a trader will stay as a trader once they've seen how strong this market and how kicks a lot of impatient people.
I think that I agree with you here. Before someone trades, it should be studied very well and analyzed before looking for those pairs where you want to trade. Because a trader will have to make sure that he's got the edge in that trade since it's not a luck based activity or if it has got, just a little bit.
cyberviperFull Member
Posts: 124 · Reputation: 722
#20Jan 2, 2024, 03:11 PM
We do a lot of things but doing and thinking or practising are different. If you are just speculating, and not actually taking trades, then bro, no matter how much you pratice in the practise range you can't be a good shooter, or you can't be a warrior.
Point is, you have to step into the ring to fight, otherwise you are nothing. In the same way, no matter how much you study, you much you imagine or manifest or whatever you think you are doing is right but it is not. Because you have to implement it.
So that means, if I have a business idea, I am a businessman now!
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